Payroll sounds like a simple process, on the contrary, it can be a daunting task. Payroll laws and regulations are constantly changing making payroll into a legal mine field and easy to make mistakes. Companies are finding their selves on the wrong end of lawsuits, audits, investigations and claims for payroll regulation violations daily. The Department of labor is on the prowl for the following "Hot" areas. Consider yourself warned!

In this ever changing world of business, it is critical that we correctly determine whether the individuals providing services to our companies are employees or independent contractors and per the statutes  report such in the correct manner to avoid audits and other enforcement efforts. The IRS says if you treat employees as nonemployees you will be liable for all social security and Medicare taxes and withholding taxes  for the entire period of misclassification plus all penalties and interest. The employer also must be aware the with the Federal & State governments  systems share any non compliance.

With this world of competitiveness, businesses are pushed to supply customers the best prices. One of the way companies are trying to cut expenses is reclassifying employees.

Why Should You Attend:

Ask your self this question: Can your company afford to make a million dollar mistake?

Case in point: Recently a US employer was assessed a $18.3 million dollar fine by U. S. Department of Labor for errors in payroll (DOL September 29, 2015).

• Learn the latest regulation changes that impact your company
• Learn the current duties test, updated “Primary Duties” and “Suffer or Permit”
• Learn how to classify "working time or worked time"
• Learn  exempt and non-exempt classifications 2018 new rules
• Learn how to calculate overtime
• Understanding taxable gifts, bonus and awards (parking, achievement awards, length of service awards, athletic facilities, deminmus benefits)
• Understanding the new Tax Impact to these areas
• Learn common pitfalls of Wage and Hour laws that can be costly
• Learn when you can give 'Comp Time" instead of overtime
• Learn Independent  Contractor rules

Course Outline:

• Understand the latest regulation changes that impact your company
• Understand current duties test, updated “Primary Duties” and “Suffer or Permit”
• How to classify "working time or worked time"
• Understanding exempt and non-exempt classifications 2016 new rules
• How to calculate overtime
• Understanding taxable gifts, bonus and awards (parking, achievement awards, length of service awards, athletic facilities, deminmus benefits)
• Common misconceptions of Wage and Hour laws that can be costly
• When you can give 'Comp Time" instead of overtime

What You Get:

•  Training Materials
•  Live Q&A Session with our Expert
•  Participation Certificate
•  Access to Signup Community (Optional)
•  Reward Points

Who Will Benefit:

• Payroll Department Personnel
• HR Personnel
• Employee Benefits professionals,
• Business Owners
• Corporate / Government Accountants
• CPAs
• Any employee responsible for developing and/or maintaining an effective payroll program.